October 30, 2016 admin

Dealer Bonus

Adjustments to Income

DEALER BONUS ADDITIONS TO INCOME ACCOUNT
9500

ACCOUNT EXPLANATION
Compensation accrued or paid to dealer based upon total dealership profit.
TRANSACTIONS
  Jrnl. Dr. Cr.
  Monthly accrual of dealer bonus based on total dealership profit SE
    Dealer Bonus 9500
      Accrued Bonuses 2411
COMMENTS
  • Incentives and other compensation paid regularly should be charged to Account 8900, Dealer Salary.
  • Bonus accruals and payments should be made with the advice of tax counsel.